Analysts Are Neutral on Top Financial Stocks: Independence Realty (IRT), Chatham Lodging (CLDT)

By Jason Carr

Analysts fell to the sidelines weighing in on Independence Realty (IRTResearch Report) and Chatham Lodging (CLDTResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Independence Realty (IRT)

In a report released today, Craig Kucera from B.Riley FBR maintained a Hold rating on Independence Realty, with a price target of $15.00. The company’s shares closed last Monday at $15.40, close to its 52-week high of $15.89.

According to TipRanks.com, Kucera is a 5-star analyst with an average return of 8.3% and a 73.1% success rate. Kucera covers the Financial sector, focusing on stocks such as Monmouth Real Estate Investment, Urstadt Biddle Properties Inc, and Bluerock Residential Growth.

Currently, the analyst consensus on Independence Realty is a Hold with an average price target of $13.58, representing a -10.8% downside. In a report issued on October 21, JMP Securities also downgraded the stock to Hold with a $12.00 price target.

See today’s analyst top recommended stocks >>

Chatham Lodging (CLDT)

In a report released today, Bryan Maher from B.Riley FBR maintained a Hold rating on Chatham Lodging, with a price target of $19.00. The company’s shares closed last Monday at $18.05.

According to TipRanks.com, Maher is a 4-star analyst with an average return of 5.9% and a 57.9% success rate. Maher covers the Financial sector, focusing on stocks such as Industrial Logistics Properties Trust, Senior Housing Properties Trust, and Office Properties Income Trust.

Chatham Lodging has an analyst consensus of Hold, with a price target consensus of $17.50.

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